U.S. and Iran Near Preliminary Deal on Strait of Hormuz and Nuclear Limits

President Trump posted on Saturday that an agreement has largely been negotiated between the U.S., Iran and various Middle Eastern countries, with final aspects still under discussion. He added that the Strait of Hormuz will be reopened as part of the deal.

On Sunday, President Trump stated that negotiations are proceeding in an orderly and constructive manner. He instructed representatives not to rush and said the naval blockade will remain in place until an agreement is reached, certified and signed.

A U.S. official said the key principle is "relief for performance," meaning sanctions relief would follow tangible concessions. Iran has sought immediate release of frozen funds and permanent sanctions relief. Officials said the U.S. and Iran have agreed in principle to a preliminary deal that would reopen the Strait of Hormuz and limit Iran's uranium stockpile.

The agreement remains subject to final approval, which is expected to take several days.

Iranian officials said major disagreements remain over the status of the Strait of Hormuz, Iran's nuclear program and conflicts involving Tehran-backed groups. An Iranian source stated that Iran rejects linking frozen assets to nuclear stockpiles and has not made new nuclear commitments.

U.S. officials said the naval blockade will only be lifted after Iran opens the Strait of Hormuz, and no funds will be released until enriched uranium is handed over. Iranian officials said stopping the war on all fronts is a prerequisite for further negotiations.